- OPEC and its allied oil-producing nations are still working to rebalance global crude markets amid speculation of tensions in the alliance over whether to cut output further.
- "We do communicate with each other and we did not run out of ideas," Saudi Energy Minister Prince Abdulaziz bin Salman said at the ICCUS conference.
- Crude tumbled more than 5% at its session low on Monday, falling into bear market territory as the number of coronavirus cases surged outside of China.
- ETFs: USO, OIL, UWT, UCO, DWT, BNO, SCO, DBO, OILU, DTO, USL, OILD, USOI, WTIU, OILK, OLEM, WTID, OILX, USAI, NRGU, NRGD, AOIL, NRGZ, YGRN, NRGO